CIRCULAR TO SHAREHOLDERS IN RELATION TO THE (I) PROPOSED JOINT VENTURE BETWEEN CME, CME PROPERTIES (AUSTRALIA) PTY LTD (“CMEPA”), A WHOLLY-OWNED SUBSIDIARY OF CME, RUARK PROPERTIES PTY LTD AND CENTRAL PARK (QLD) PTY LTD FOR THE JOINT MIXED DEVELOPMENT OF TWO (2) CONTIGUOUS PARCELS OF FREEHOLD LAND MEASURING APPROXIMATELY 15,784 SQUARE METRE LOCATED AT LOT 11 HENSON STREET AND LOT 40 MANDURAH TERRACE, LOCAL GOVERNMENT AREA OF CITY OF MANDURAH, WESTERN AUSTRALIA, AUSTRALIA ("PROPOSED JOINT VENTURE"); AND (II) PROPOSED ESTABLISHMENT OF AN EMPLOYEE SHARE OPTION SCHEME (“ESOS” OR “SCHEME”) OF UP TO FIFTEEN PER CENT (15%) OF THE PREVAILING ISSUED AND PAID-UP SHARE CAPITAL OF THE COMPANY (EXCLUDING TREASURY SHARES) FOR THE ELIGIBLE EMPLOYEES (INCLUDING DIRECTORS) OF THE COMPANY AND ITS SUBSIDIARIES, WHO MEET THE CRITERIA OF ELIGIBILITY FOR PARTICIPATION IN THE ESOS AS SET OUT IN THE BY-LAWS CONTAINING THE RULES, TERMS AND CONDITIONS OF THE ESOS ("PROPOSED ESOS")
CIRCULAR TO SHAREHOLDERS IN RELATION TO THE (I) PROPOSED DIVERSIFICATION OF THE BUSINESS OF CME AND ITS SUBSIDIARIES INTO PROPERTY DEVELOPMENT AND PROPERTY INVESTMENT SECTORS (“PROPOSED DIVERSIFICATION”); (II) PROPOSED ACQUISITION OF A PARCEL OF FREEHOLD LAND HELD UNDER CERTIFICATE OF TITLE VOLUME 1521 FOLIO 640, LOCATED AT LOT 11 HENSON STREET, LOCAL GOVERNMENT AREA OF CITY OF MANDURAH, WESTERN AUSTRALIA, AUSTRALIA BY CME PROPERTIES (AUSTRALIA) PTY LTD (“CMEPA”), A WHOLLY OWNED SUBSIDIARY OF CME, FROM LUTEUM PTY LTD FOR A CASH CONSIDERATION OF RM22,401,000 (EQUIVALENT TO APPROXIMATELY AUD7,467,000) (“PROPOSED ACQUISITION OF LAND 1”); (III) PROPOSED ACQUISITION OF A PARCEL OF FREEHOLD LAND HELD UNDER CERTIFICATE OF TITLE VOLUME 1695 FOLIO 297, LOCATED AT LOT 40 MANDURAH TERRACE, LOCAL GOVERNMENT AREA OF CITY OF MANDURAH, WESTERN AUSTRALIA, AUSTRALIA BY CMEPA FROM GRAND HOLDINGS PTY LTD FOR A CASH CONSIDERATION OF RM7,599,000 (EQUIVALENT TO APPROXIMATELY AUD2,533,000) (“PROPOSED ACQUISITION OF LAND 2”); (IV) PROPOSED RENOUNCEABLE RIGHTS ISSUE OF UP TO RM35,288,000 NOMINAL VALUE OF TEN (10)-YEAR, ZERO COUPON IRREDEEMABLE CONVERTIBLE UNSECURED LOAN STOCKS (“ICULS”) AT 100% OF THE NOMINAL VALUE OF RM0.04 EACH (“RIGHTS ICULS”) ON THE BASIS OF RM0.08 NOMINAL VALUE OF THE ICULS FOR EVERY ONE (1) EXISTING ORDINARY SHARE OF RM0.10 EACH IN CME HELD ON AN ENTITLEMENT DATE TO BE DETERMINED AND ANNOUNCED LATER, BASED ON A MINIMUM SUBSCRIPTION LEVEL OF RM27,000,000 NOMINAL VALUE OF THE RIGHTS ICULS (“PROPOSED RIGHTS ISSUE OF ICULS”); (V) PROPOSED INCREASE IN THE AUTHORISED SHARE CAPITAL OF THE COMPANY FROM RM500,000,000 COMPRISING 5,000,000,000 ORDINARY SHARES OF RM0.10 EACH TO RM1,000,000,000 COMPRISING 10,000,000,000 ORDINARY SHARES OF RM0.10 EACH (“PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL”); AND (VI) PROPOSED AMENDMENTS TO THE MEMORANDUM AND ARTICLES OF ASSOCIATION OF THE COMPANY (“M&A”) TO FACILITATE THE PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL (“PROPOSED M&A AMENDMENTS”)
New IPO: Building management systems (BMS), solar thermal systems and energy-saving services provider, Solar District Cooling Bhd aims to list on the Ace Market!
MQ Trader 320 views | 2 d ago
0:17
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 11558 views | 10 d ago
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New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
kakisaham
7,263 posts
Posted by kakisaham > 2014-09-11 17:27 | Report Abuse
kita cop n put kiv ini budak